Property Ownership, Transfer of Title and Land Use 10.0.4 Flashcards
(4 cards)
1
Q
What is the Torrens System?
A
a legal registration of title.
2
Q
With the Torrens System: 1
A
Property owners can submit an application to the court clerk of the county where the property is located.
3
Q
With the Torrens System: 2
A
The registrar issues a legal certificate of title which shows anything liened or attached directly to the title of the property; like a mortgage
4
Q
With the Torrens System: 3
A
Once the property is registered, the owner receives title and because the title is registered, no additional research of the public records is necessary.